/raid1/www/Hosts/bankrupt/TCR_Public/190921.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Saturday, September 21, 2019, Vol. 23, No. 263

                            Headlines

PG&E CORP: Gains $109 Million Net Income in July
PG&E CORP: Suffers $2.67 Billion Net Loss in June
WEATHERFORD INT'L: Reports $217.30 Million Net Loss in July

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PG&E CORP: Gains $109 Million Net Income in July
------------------------------------------------
PG&E Corporation and its operating subsidiary, Pacific Gas and
Electric Company, filed with the U.S. Securities and Exchange
Commission their monthly operating report for July 2019.

The Debtors' consolidated statement of operations showed a net
income of $109 million on $1.50 billion in total operating revenues
in July 2019.

As of July 31, 2019, the Debtors posted consolidated total assets
of $84.83 billion, consolidated total liabilities of $74.13
billion, and consolidated total shareholders' equity of $10.45
billion.

At July 1, 2019, the Debtors had a consolidated cash balance of
$3.44 billion.  They listed consolidated total receipts of $2.03
billion and consolidated total disbursements of 2.38 billion.  At
July 31, the Debtors had $3.08 billion cash balance.

A copy of the monthly operating report is available at the SEC at:

                  https://is.gd/uoK5xJ

                    About PG&E Corp

PG&E Corporation (NYSE: PCG) -- http://www.pgecorp.com/-- is a   
Fortune 200 energy-based holding company, headquartered in San
Francisco.  It is the parent company of Pacific Gas and Electric
Company, an energy company that serves 16 million Californians
across a 70,000-square-mile service area in Northern and Central
California.

As of Sept. 30, 2018, the Debtors, on a consolidated basis, had
reported $71.4 billion in assets on a book value basis and $51.7
billion in liabilities on a book value basis.

PG&E Corp. and Pacific Gas employ approximately 24,000 regular
employees, approximately 20 of whom are employed by PG&E Corp.  Of
Pacific Gas' regular employees, approximately 15,000 are covered by
collective bargaining agreements with local chapters of three labor
unions: (i) the International Brotherhood of Electrical Workers;
(ii) the Engineers and Scientists of California; and (iii) the
Service Employees International Union.

On Jan. 29, 2019, PG&E Corp. and its primary operating subsidiary,
Pacific Gas and Electric Company, filed voluntary Chapter 11
petitions (Bankr. N.D. Cal. Lead Case No. 19-30088).

PG&E Corporation and its regulated utility subsidiary, Pacific Gas
and Electric Company, said they are facing extraordinary challenges
relating to a series of catastrophic wildfires that occurred in
Northern California in 2017 and 2018.  The utility said it faces an
estimated $30 billion in potential liability damages from
California's deadliest wildfires of 2017 and 2018.

Weil, Gotshal & Manges LLP and Cravath, Swaine & Moore LLP are
serving as PG&E's legal counsel, Lazard is serving as its
investment banker and AlixPartners, LLP is serving as the
restructuring advisor to PG&E.  Prime Clerk LLC is the claims and
noticing agent.

In order to help support the Company through the reorganization
process, PG&E has appointed James A. Mesterharm, a managing
director at AlixPartners, LLP, and an authorized representative of
AP Services, LLC, to serve as Chief Restructuring Officer.  In
addition, PG&E appointed John Boken also a Managing Director at
AlixPartners and an authorized representative of APS, to serve as
Deputy Chief Restructuring Officer.  Mr. Mesterharm, Mr. Boken and
their colleagues at AlixPartners will continue to assist PG&E with
the reorganization process and related activities.

The Office of the U.S. Trustee appointed an official committee of
unsecured creditors on Feb. 12, 2019.  The creditors' committee
retained Milbank LLP as counsel; FTI Consulting, Inc., as financial
advisor; Centerview Partners LLC as investment banker; and Epiq
Corporate Restructuring, LLC as claims and noticing agent.

On Feb. 15, 2019, the U.S. trustee appointed an official committee
of tort claimants.  The tort claimants' committee is represented by
Baker & Hostetler LLP.



PG&E CORP: Suffers $2.67 Billion Net Loss in June
-------------------------------------------------
PG&E Corporation and its operating subsidiary, Pacific Gas and
Electric Company, filed with the U.S. Securities and Exchange
Commission their monthly operating report for June 2019.

The Debtors' consolidated statement of operations showed a net loss
of $2.67 billion on $1.45 billion in total operating revenues in
June 2019.

As of June 30, 2019, the Debtors posted consolidated total assets
of $84.39 billion, consolidated total liabilities of $74.04
billion, and consolidated total shareholders' equity of $10.34
billion.

At June 1, 2019, the Debtors had a consolidated cash balance of
$3.18 billion.  They listed consolidated total receipts of $1.88
billion and consolidated total disbursements of 1.62 billion.  At
June 30, the Debtors had $3.44 billion cash balance.

A copy of the monthly operating report is available at the SEC at:

                  https://is.gd/IfCiSP

                    About PG&E Corp

PG&E Corporation, through its subsidiary, Pacific Gas and Electric
Company, engages in the sale and delivery of electricity and
natural gas to residential, commercial, industrial, and
agricultural customers in northern and central California, the
United States.  On January 29, 2019, PG&E Corporation Inc. filed a
voluntary petition for reorganization under Chapter 11 in the U.S.
Bankruptcy Court for the Northern District of California.



WEATHERFORD INT'L: Reports $217.30 Million Net Loss in July
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Weatherford International PLC, et al., filed with the U.S.
Securities and Exchange Commission their monthly operating report
for July 2019.

At July 31, 2019, the Debtors reported a net loss of $217.30
million on $nil of revenue.

The Debtors listed $508.05 million in total assets before
investment in subsidiaries, $1,736.1 million in total current
liabilities and $7,628.4 million in total long term liabilities as
of July 31, 2019.

The Debtors started the month with $2.28 million cash.  Net book
cash flow totaled $310.61 million.  At month end, the Debtors had
$312.94 million cash.

A copy of the MOR is available at the SEC site at
https://is.gd/f9jZD0

                     About Weatherford

Weatherford (NYSE: WFT), an Irish public limited company and Swiss
tax resident -- http://www.weatherford.com/-- is a multinational  
oilfield service company providing innovative solutions, technology
and services to the oil and gas industry. The Company operates in
over 80 countries and has a network of approximately 650 locations,
including manufacturing, service, research and development and
training facilities and employs approximately 26,000 people.

Weatherford reported a net loss attributable to the company of
$2.81 billion for the year ended Dec. 31, 2018, compared to a net
loss attributable to the company of $2.81 billion for the year
ended Dec. 31, 2017.  

As of March 31, 2019, Weatherford had $6.51 billion in total
assets, $10.62 billion in total liabilities, and a total
shareholders' deficiency of $4.10 billion.

On July 1, 2019, Weatherford International plc, Weatherford
International, LLC, and Weatherford International Ltd. sought
Chapter 11 protection (Bankr. S.D. Tex. Lead Case No. 19-33694).

Thbe Hon. David R. Jones is the case judge.

The Debtors tapped Hunton Andrews Kurth LLP and Latham & Watkins
LLP as counsel; Alvarez & Marsal North America LLC as financial
advisor; Lazard Freres & Co. LLC as investment banker; and Prime
Clerk LLC as claims agent.

Henry Hobbs Jr., acting U.S. trustee for Region 7, on July 17,
2019, appointed three creditors to serve on the official committee
of unsecured creditors in the Chapter 11 cases.



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S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,
Editors.

Copyright 2019.  All rights reserved.  ISSN: 1520-9474.

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